p per £ owed

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sfalcus

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Post by sfalcus » Mon Feb 18, 2008 12:52 pm
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Hi,

After filtering through i am surprised at the rate of failure for IVA's

Mine was accepted with 100% with an offer of 27p per Pound owing £37000.

I guess i was lucky!
IVA accepted 08/05

IVA completed 09/07
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shazzles

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Post by shazzles » Mon Feb 18, 2008 1:25 pm
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hello! What were your repayments per month if you dont me asking..
8 down 65 to go!
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sfalcus

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Post by sfalcus » Mon Feb 18, 2008 2:11 pm
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£272 per month

figures above are not 100% accurate but are around the correct sums.
IVA accepted 08/05

IVA completed 09/07
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MelanieGiles

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Post by MelanieGiles » Mon Feb 18, 2008 3:30 pm
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Over 80% of IVAs which are presented are actually accepted, so I am not sure where you are getting your failure statistics from - unless you feel that less than 20% is very high!
Regards, Melanie Giles, Insolvency Practitioner
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sfalcus

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Post by sfalcus » Mon Feb 18, 2008 3:39 pm
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i am going off what i have read simply on threads in this forum, not total official statistics. i noticed three or four occurances that the p per £ figure was better than mine.
IVA accepted 08/05

IVA completed 09/07
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Lisa2009

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Post by Lisa2009 » Mon Feb 18, 2008 6:58 pm
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A lot depends on who your creditors are as some have quite strict hurdle rates.
http://mrsskint.blogs.iva.co.uk/ 'Our Story'


Nil carborundum illegitimi
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